On June 11, GraniteShares 2x Long MRVL ETF rose 10.23% in regular trading, trading at $142.79/share with trading volume of $120 million. The leveraged ETF provides 2x daily exposure to Marvell Technology (MRVL), amplifying gains in the underlying stock.

The primary catalyst remains Marvell Technology's confirmed inclusion in the S&P 500 index, effective June 22. S&P Dow Jones Indices announced the change on June 6, triggering sustained buying as passive index funds are expected to accumulate significant positions ahead of the effective date. Marvell shares had surged as much as 15.6% on June 8 following the announcement, and chip stocks have continued extending gains since.

Fundamental momentum further supports the rally. At a Bank of America Global Technology Conference, Marvell's chairman outlined structural AI infrastructure demand, with fiscal 2028 revenue targets raised to $16.5 billion from $15 billion, driven by data center custom ASICs, optical interconnects, and silicon photonics growth. Data center revenue now accounts for approximately 75% of total sales.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)